Tag
CBN
Nigeria may need more than $3.4 billion from the IMF and bond buyers making it inevitable that the currency will be floated
The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further devalue the naira.
Nigeria's currency continued to depreciate at the forward market, as worries strengthened that the CBN might have to devalue the naira again.
The Central Bank of Nigeria has lifted the temporary suspension of cheque clearing in the country with effect from Tuesday, April 28, 2020
CBN recently adjusted the exchange rate for import duty payment from N326/$ to N361/$ as part of its efforts at achieving convergence in exchange rates
It is no longer news that the plunging oil prices have increased pressure on the naira. since Nigeria produces less locally
NIRSAL Microfinance Bank (NMFB) has warned Nigerians to stay clear from advertisements that claimed state governments or organisations partner Central Bank of Nigeria (CBN) and NMFB on the N50 billion COVID-19 Targeted Credit Facility (TCF)
The naira has been hitting new lows on the over-the-counter spot and black markets since last month, after the Central Bank adjusted its official rate
There is a fire outbreak at the Jos branch of Central Bank of Nigeria.
The post-Covid-19 era is expected to be filled with a lot of uncertainties, CBN has warned of the need for the country to act fast.
The Central Bank of Nigeria (CBN) has warned owners of small-scale businesses and other loan seekers not to pay any amount as application processing fee for the N50 billion Targeted Credit Facility (TCF) stimulus package.
All states, except just a few, cannot meet their obligations from Internally Generated Revenues (IGR). These include states governed by the APC, APGA, and PDP political parties.